From 0b61e88bb8bb322bdd65c39c233e536aee8a5dd8 Mon Sep 17 00:00:00 2001 From: Teleo Agents Date: Fri, 20 Mar 2026 13:04:30 +0000 Subject: [PATCH] entity-batch: update 1 entities - Applied 1 entity operations from queue - Files: entities/internet-finance/purr.md Pentagon-Agent: Epimetheus <968B2991-E2DF-4006-B962-F5B0A0CC8ACA> --- entities/internet-finance/purr.md | 54 +++++++++++++++++++++++++++++++ 1 file changed, 54 insertions(+) create mode 100644 entities/internet-finance/purr.md diff --git a/entities/internet-finance/purr.md b/entities/internet-finance/purr.md new file mode 100644 index 00000000..6f8377fd --- /dev/null +++ b/entities/internet-finance/purr.md @@ -0,0 +1,54 @@ +--- +type: entity +entity_type: token +name: PURR +parent_protocol: Hyperliquid +launch_date: 2024-04-16 +status: active +domain: internet-finance +--- + +# PURR + +**Type:** Memecoin +**Chain:** Hyperliquid +**Launch:** April 16, 2024 + +## Overview + +PURR is a community-distributed memecoin on Hyperliquid with zero team or VC allocation. Positioned as ecosystem beta play similar to BONK on Solana. + +## Token Structure + +- **Max Supply:** 1 billion +- **Airdrop:** 500M to Hyperliquid points holders at launch +- **Liquidity:** 400M deployed as liquidity were burned +- **Current Supply:** ~598M (deflationary via fee burning) +- **Allocation:** Zero to VCs or teams + +## Market Position + +- **PURR/HYPE Ratio:** ~0.0024 (March 2026) +- **Performance:** Down ~90% from late 2024 peaks +- **Daily Volume:** Under $1M (thin liquidity) + +## Investment Thesis + +Pine Analytics characterized PURR as "asymmetric risk-reward opportunity" based on: +1. Survivor bias creating "conviction OGs" after weak hands exited +2. Wealth effect: HYPE appreciation drives demand for ecosystem-native assets +3. PURR/HYPE ratio in accumulation phase +4. Community distribution model similar to BONK + +## Risks + +- No active team, product, or revenue +- Entirely dependent on HYPE trajectory +- No protocol-level guarantee of privileged position +- Thin liquidity + +## Timeline + +- **2024-04-16** — Launched with 500M airdrop to Hyperliquid points holders +- **2024-Q4** — Reached peak PURR/HYPE ratio +- **2026-03-16** — Pine Analytics issues bullish recommendation despite ~90% drawdown from peaks